Scrapping LISC was shameful and retrograde: BowenBY LAURA MILLAN | WEDNESDAY, 2 SEP 2015 12:15PMScrapping the low income superannuation contribution (LISC) was "the single, most retrograde and regrettable government policy decision made since the establishment of superannuation," Labor Shadow Treasurer Chris Bowen said. Related News |
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Shail Singh
LEAD INVESTMENT AND ADVICE OMBUDSMAN
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
To be successful as Australian Financial Complaints Authority's (AFCA) lead ombudsman for investments and advice, one requires empathy, impartiality, and rationality. Shail Singh shares how he also uses legal and financial advice expertise to help consumers, small businesses, and member firms. Karren Vergara writes.
Scrapping the low income superannuation contribution (LISC) was "the single, most retrograde and regrettable government policy decision made since the establishment of superannuation," Labor Shadow Treasurer Chris Bowen said.
Totally concur, as was the scrapping of the FHSA scheme which encouraged savings versus provision of larger first home buyer handouts.
Only the retention of the Super Co-Contribution was maintained (a Liberal policy), which to be honest, tends to be used most by couples where one is able to be on a lower income due to the other being on a very significant one.
It would be good to see the Govt trying to assist the less well off with their retirement planning versus taking what little was available to them away.